The Columbus Day premarket is mainly unremarkable, at least as far as it concerns the stocks that typically fall within our target area.
The Columbus Day premarket is mainly unremarkable, at least as far as it concerns the stocks that typically fall within our target area. One very interesting feature, though, is the turnaround by Bank of America analysts on their opinion of CRM. They have now decided that AI is not going to wipe out use of Salesforce, and they’ve raised their opinion from underperform to buy and their price target from $160 to $285. At $229, CRM is well outside the price range that we generally highlight for traders, and there are no low-price proxies that we can point out for this purpose at this moment. It will be interesting, though, to see where this theme gets repeated in other sectors.
We will update the trading board as setups develop, but experienced traders will know to moderate their expectations of today’s lightly traded environment.
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